{"id":673574,"date":"2026-05-15T23:31:13","date_gmt":"2026-05-15T23:31:13","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/673574\/"},"modified":"2026-05-15T23:31:13","modified_gmt":"2026-05-15T23:31:13","slug":"nfl-urges-cftc-for-new-regulations-on-prediction-markets","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/673574\/","title":{"rendered":"NFL Urges CFTC for New Regulations on Prediction Markets"},"content":{"rendered":"\n

Want to get more Covers content? Add us as a preferred source on your Google account here<\/a>.<\/p>\n

The NFL is asking the Commodity Futures Trading Commission (CFTC) to insert prediction market guardrails centered around the pro football league.<\/p>\n

Key Takeaways <\/p>\n

The NFL wants prediction market platforms to stop offering easily manipulated contracts.<\/p>\n

Like the NBA, the NFL asked to raise the age limit from 18 to 21.<\/p>\n

The CFTC is currently involved in multiple legal battles with states over sports event contracts. <\/p>\n

Brendon Plack, the NFL\u2019s senior vice president for government affairs and public policy, wrote a letter, obtained by CNBC<\/a>, dated Friday to CFTC chair Michael Selig, suggesting measures that would protect the \u201cintegrity of the sporting events to which prediction contracts relate.\u201d<\/p>\n

The NFL wants to see certain player props, like an incomplete pass, and \u201cinherently objectionable\u201d markets like injuries, eliminated from prediction platforms, as the league feels they are are easily manipulated.<\/p>\n

Stepping in <\/p>\n

The NFL joined several other pro leagues, including the NBA, in asking the CFTC to raise the age limit<\/a> of prediction market users who can purchase contracts from 18 to 21. Plack asked the CFTC to develop a certification process for individual player performance contracts instead of allowing platforms to self-certify.<\/p>\n

The NFL also asked for platforms to agree with leagues on what contracts can be offered and ban risky margin trading.<\/p>\n

\u201cThe permittance of event contracts that are not fully collateralized, as some have suggested, particularly related to sports markets, could amplify addictive behavior and loss risk,\u201d Plack wrote in the letter.<\/p>\n

Rise of prediction markets <\/p>\n

The CFTC is in the process of building a new regulatory framework for prediction market sites<\/a>, which have exploded since the fall of 2024.<\/p>\n

Platforms began offering sports event contracts in early 2025, and markets have evolved to look similar to what legal, state-regulated sportsbooks use.<\/p>\n

Plack told the CFTC he would like for the National Futures Association to share data and help enforce individual trading by teaming up with state gaming authorities.<\/p>\n

Court battles <\/p>\n

However, the CFTC is currently embroiled in multiple legal conflicts with states, which is currently shaping prediction market news<\/a>. The federal agency has filed lawsuits on behalf of Kalshi and other embattled platforms against Illinois, Arizona, Connecticut, and Wisconsin. \u00a0 <\/p>\n

State attorneys general and gaming regulators in over a dozen jurisdictions have tried to stop prediction companies like Kalshi and Polymarket from offering sports event contracts and other types of trades in states with licensed, regulated, and taxed sports betting.<\/p>\n","protected":false},"excerpt":{"rendered":"Want to get more Covers content? Add us as a preferred source on your Google account here. The…\n","protected":false},"author":2,"featured_media":673575,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[559],"tags":[64,63,324956,85922,186328,593,313203,85,324955,41710],"class_list":["post-673574","post","type-post","status-publish","format-standard","has-post-thumbnail","category-nfl","tag-au","tag-australia","tag-brendon-plack","tag-cftc","tag-commodity-futures-trading-commission","tag-nfl","tag-prediction-market","tag-sports","tag-sports-event","tag-the-nfl"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/673574","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=673574"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/673574\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/673575"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=673574"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=673574"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=673574"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}